MSE sustains positive trend
MSE sustains positive trend
BOV, MIA lift share index higher

Based on Reports Published between Sat Jul 11 08:40:49 2015 and Thu Jul 16 15:53:54 2015

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Information from Sat Jul 11 08:40:49 2015 :

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Out of the 20 traded issues, seven rose in value, four lost ground, while nine closed the week unchanged. The Malta Stock Exchange index registered an increase for the eight consecutive week, advancing by a further 0.51 per cent to close at 4,128.819 points.

In the sovereign debt market turnover totalled €7.5m spread across 24 issues of which 14 gained ground, one closed unchanged and nine fell in value. The 4.5% Izola Bank plc € Unsecured 2025 was the most liquid issue having witnessed a turnover volume of 870,000 nominal, closing 0.7 per cent lower at €104.35.

This article,which was compiled by Jesmond Mizzi Financial Advisors Limited, does not intend to give investment advice and the contents therein should not be construed as such.

The company is licensed to conduct investment services by the MFSA and a member of the Malta Stock Exchange and a member of the Atlas Group. The directors or related parties, including the company, and their clients are likely to have an interest in securities mentioned in this article.

For further information contact Jesmond Mizzi Financial Advisors Limited at 67, Level 3, South Street, Valletta, or on Tel: 2122 4410, or e-mail .

In the same sector, 6pm Holdings plc shares rallied by 4.8 per cent on Tuesday – its first active trading day since the bonus issue of one for every 50 shares held which was distributed in June. The IT equity witnessed a sole transaction of 1,000 shares to close £0.035 higher at £0.76. s 1.8 per cent advance with a weekly loss of 1.7 per cent following selling pressure in Thursday Likewise, Simonds Farsons Cisk plc (SFC) appreciated by 3.3 per cent as 3,810 shares changed hands in five deals.

The other faller for the week was Plaza Centres plc, as a sole deal of 20,000 shares was negotiated at The board of directors is scheduled to meet on July 29 to consider and, if considered appropriate, approve the company’s interim financial statements for the six months ended June 30, 2015. The payment of an interim dividend will also be considered during the meeting. Investors shied away from the banking sector as all active banking equities registered a decline in their share price.

Go plc shares climbed by 2.6 per cent as 34 deals of 127,322 shares were negotiated, closing at a nine-year high of €3.54.

The 7.15% Mediterranean Investments Holding plc Euro 2015-2017 headed the list of fallers having declined by one per cent, to close at €100.01, while the 4.6% HSBC Bank Malta plc € 2017 was the best performer having increased by 0.9 per cent, closing at €105. 100 per bond issued at par. The issuer will be granting preference to shareholders listed on the share register at the central securities depository as at close of business last Monday, to subscribe to the new bonds. Tigne Mall plc shares traded flat at €0.85 across four deals of 8,000 shares.

The other non-movers for the week were Medserv plc and Maltapost plc shares having closed unchanged at €2.355 and €1.50 respectively.

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Information from Sun Jul 12 10:43:11 2015 :
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On the other hand, financial services companies such as Bank of Valletta plc (BOV) and Mapfre Middlesea plc (MMS), as well as International Hotel Investments plc (IHI) 6PM Holdings plc announced that the listing authority had approved its application for the issue of The Malta Stock Exchange (MSE) index extended its streak of weekly gains to eight, ending the week up by 0.51 per cent and closing at 4,128.819 points, a few points shy of a seven-year high of 4,137.924 points reached on Wednesday. Pushing the index higher were shares of RS2 Software plc, Malta International Airport plc (MIA) and Go plc, which in aggregate account for around 23 per cent of the index hindered the index from settling higher.

Total trading value increased by 69.2 per cent to 1.85 million, as 17 equities were negotiated In the same line of business, 6PM Holdings plc recorded a 4.8 per cent advance after a single transaction of just 1,000 shares following eight weeks of inactivity after adjusting for the bonus issue of one share for every 50 shares held. s share price reversed its previous week s 0.5 per cent decline, as 28 deals of 74,720 shares lifted the equity s price by 3.5 per cent to a seven-week high of s other gainers were Malita Investments plc and Loqus Holdings plc, locking-in a 1.1 and 0.8 per cent gain respectively.

The special purpose vehicle was active in four deals of 62,000 shares, while Loqus Holdings s gain occurred after one deal of a mere 600 shares. In the financial services sector, BOV Telecommunications company Go was traded in the highest turnover of the week, worth Buying interest was noted in shares of RS2 and Go, accounting for 46.3 per cent of total turnover. IT services company RS2 headed the list of gainers, locking a double-digit gain as 52 deals of 186,833 shares were struck.

The equity rallied by 10.8 per cent, to close the week a price level last seen in November 2006. Midi plc shares topped up their previous all-time high of 0.34, as three deals of 85,000 shares pushed the equity s session, to close at 326,000, in the banking equity, which traded at a weekly high of Its peer, HSBC Bank Malta plc edged 0.1 per cent lower after 109,491 shares were traded in 36 deals, executed between Meanwhile, Lombard Bank Malta plc shares retreated by 2.1 per cent on thin volume, to close at MMS extended its previous week s 1.9 per cent decline, as four deals of 12,500 shares pulled the equity 1.74 after dipping to a weekly low of No change in price was recorded in shares of Medserv plc, Maltapost plc, and Tign Mall plc, all of which were active on relatively low volume.

In the corporate bond market, total turnover stood at The recently issued 4.5 per cent Izola Bank plc euro unsecured 2025 accounted for 59.5 per cent of total trading value, to end the week marginally lower at In the sovereign debt market, total turnover increased by 7.4 per cent to Long-dated issues rebounded from their recent declines as concerns of Greek exit eased on Thursday, ahead of the submission of the proposal to bailout authorities by Greece 53.5 billion bailout package in order to save the country from bankruptcy.

Strong gains were recorded across the 5.1 per cent MGS 2029 (I) and the 4.1 per cent MGS 2034 (I) issues, which ended the week up by 1.2 and 1.1 per cent, respectively; while the five per cent MGS 2021(I) issue represented 25 per cent of total trading value.

This article, which was compiled by Jesmond Mizzi, managing director of Jesmond Mizzi Financial Advisors Ltd, does not intend to give investment advice and the contents therein should not be construed as such.

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